The Canadian Real Estate Association says home sales climbed 1.9 per cent on a month-over-month basis in September, reaching their highest level since July 2023.
The national increase was led by Greater Vancouver and Victoria, as well as the Greater Toronto Area, Hamilton-Burlington, Montreal and Quebec City.
The association is downgrading its housing market forecast, saying it now expects the national market will remain in "more of a holding pattern" until next spring.
It says the Bank of Canada's interest rate cuts haven't spurred the gradual improvement it previously anticipated.
